JULY 12, 2016

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Patron Capital exceeds fundraising target

by Andrea Waitrovich

Patron Capital has announced a close for its fifth fund, raising €949 million ($1.05 billion), including approximately €143 million ($158 million) of co-investment capital.

Patron Capital V exceeded its original target of €750 million ($830 million), attracting investors from nine countries, with the majority of commitments coming from North America, followed by Europe, Asia Pacific and the Middle East. Investors included pension funds, sovereign wealth funds, endowments, foundations and asset managers.

Fund V will continue the same investment strategy as Patron’s previous funds, opportunistically targeting distressed and undervalued investments, directly or indirectly related to property, across Western Europe. The fund will invest across a range of sectors in property-backed corporate investments as well as individual properties.

Approximately €164 million ($182 million) has already been deployed from Fund V and its co-inve

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